# Avvenu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avvenu

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.avvenu.com
- Total disclosed funding: $7.5M
- Latest round: Series B (Aug 16, 2005)
- Investors on record: 3

## About

Avvenu Inc. is a technology company that provides innovative solutions for remote access and file sharing, enhancing user connectivity and data management across devices.Founded in 2004, Avvenu Inc. is headquartered in Palo Alto, US. The company specializes in remote access technology, enabling users to connect to their files and devices from anywhere. In December 2007, Nokia acquired Avvenu for an undisclosed sum. Avvenu has successfully completed three deals, with its latest being on December 5, 2007. The most recent funding round raised USD 1.5 mn from investors including CRV, Motorola Solutions Venture Capital, and Worldview Technology Partners, totaling USD 1.5 mn raised.Avvenu Inc. focuses on technology solutions for remote access and file sharing, allowing users to effortlessly manage and access their data across multiple devices. Their products cater to individuals and businesses that prioritize secure and reliable access to their files, contributing to an enhanced digital workspace.Avvenu's revenue generation model is built around its software services, which are provided through subscription plans appealing to a broad customer base. This model allows clients to access advanced file-sharing technology with varying pricing tiers, facilitating both one-time purchases and ongoing subscriptions to ensure sustained relationships with users.Looking ahead, Avvenu Inc. plans to introduce new features and enhancements to its remote access solutions, with a product launch expected in the latter half of 2024. The company aims to expand its reach into the European market by 2025, leveraging recent funding of USD 1.5 mn to support product development and marketing initiatives. This strategy is designed to bolster its presence and attract a diverse clientele in new geographic regions.

## Funding rounds

- Series B, Aug 16, 2005, $7.5M — CRV, Worldview Technology Partners, Motorola Solutions Venture Capital

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Series B
- Worldview Technology Partners (https://capitalatlas.ai/funds/worldview-technology-partners) — Series B
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Series B